DES 10.3% 13.0¢ desoto resources limited

suspension , page-19

  1. 21 Posts.
    Whatever its failings, the old board and management would not have rolled over as easily as this one at the first hurdle.

    Destra survived the dotcom meltdown, and grew from a penny stock to a $100million market cap. Then Prime and its cronies got its hands on it. Couldn't run a pissup in a brewery you might think?

    Think again.....

    Prime have had a director on the destra board for 2 years and have controlled the board for 8 months so they can't pretend they didn't know what they were getting into. They knew exactly what they were doing...and don't feel sorry for them writing off $9m. They would have had to pay 10x that a year ago and had the problem of selling the entertainment assets.

    Prime's next move. My guess is their last $2.2m loan was secured behing the bank's and that they'll reach an agreement with the receivers to pick up the bits they want for the knock-down price they were always hoping for, using the loan as a bargaining chip.

    Selling the entertainment division is now someone else's problem, not theirs.

    We've been taken for a very expensive ride!
 
watchlist Created with Sketch. Add DES (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
-0.015(10.3%)
Mkt cap ! $8.263M
Open High Low Value Volume
14.5¢ 14.5¢ 13.0¢ $11.65K 89.13K

Buyers (Bids)

No. Vol. Price($)
2 24426 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 160 1
View Market Depth
Last trade - 13.49pm 09/08/2024 (20 minute delay) ?
DES (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.